Assertion (A): Recommendations of the Rajya Sabha, after a Money Bill is passed by the Lok Sabha and transmitted to the Rajya Sabha, have to be accepted by the Lok Sabha within 14 days from the receipt of recommendations and then get them incorporated in the Bill.
Reason (R): Money Bill cannot be introduced in the Rajya Sabha.
Select the correct answer from the codes given below:
Correct Answer: (d) (A) is false but (R) is true.
Note: According to Article 109 of the Indian Constitution, a Money Bill shall no be introduced in the Council of States. After the Money Bill has been passed by the House of People, it shall be transmitted to the Council of States for its recommendation and the Council of States shall, within a period of 14 days from the date of its receipt of the Bill, return the Bill to the House of People with its recommendation and the house of People may thereupon either accept or reject all or any of the recommendation of the Council of States. So the Rajya Sabha has no power either to Reject of amend the Bill. According to Article 113 (2) of the Indian Constitution estimates submitted in the form of Demands for grants of the House of People and only the House of People has the power to assent or refuse to assent. Rajya Sabha cannot vote on the Demand for Grants. So the statement 1 and 2 are correct, and statement 3 is wrong. The Rajya Sabha can discuss the Annual Financial Statement but is has no power to vote on the same.